From: Boris Nikolic
To: jeffrey E. <jeevacation@grnail.com>
Subject: RE: FW:
Date: Wed, 08 Apr 2015 23:34:20 +0000
Inline-Images: image001.gif
What would you do?
From: jeffrey E. [mailtoleevacation@gmail.com]
Sent: Wednesday, April 8, 2015 5:13 PM
To: Boris Nikolic
Subject: Re: FW:
no,
On Wed, Apr 8, 2015 at 1:02 PM, Boris Nikolic < wrote:
FYI
Please let me know what do you think.
B
From: Steve R. Ray [mailto:
Sent: Monday, April 6, 2015 9:50 PM
To: Boris Nikolic
Cc: Bennett L. Yee
Subject: RE:
Hi Boris,
Peter seemed to think that something less than 50% would be acceptable from David's standpoint. I asked him
to discuss 1/3 or some other percentage with David, and to see whether we would have to provide some other
consideration to balance the fact that David would be getting less than 50%. Peter called back later with an
interesting alternative proposal. What if 90% of each investment was treated as though warehoused, and then
was transferred into Biosys as originally intended. Investor capital would be used to repay 90% of the loan
from Gates. You, personally, would fund the remaining 10% of the cost outside the Fund. In a liquidity event,
you would be entitled to get your investment back first and David would then receive any profit. David's
profit would equate to his interest in carry on those 2 deals, but we wouldn't have to deal with the GP carry
issues that we had been attempting to address. You would be out of pocket $400k up front, but most of Blue
Talon and Digisite would go into Biosys. David wouldn't have an interest in the Fund, and would only be
entitled to upside after you had been repaid your $400k. What do you think?
Steve
Steve R. Ray
EFTA00860122
h Villeneuve Franklin & Hachigian. LLP
This email and any attachments may contain private, confidential and privileged material for the sole
use of the intended recipient. If you are not the intended recipient, please immediately delete this
email and any attachments.
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
communication in error, please notify us immediately by
return e-mail or by e-mail to j f@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
EFTA00860123